Crown Castle Inc. (NYSE:CCI) Shares Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC grew its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 70.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 850,000 shares of the real estate investment trust's stock after purchasing an additional 350,000 shares during the period. Crown Castle makes up approximately 2.1% of Mizuho Markets Americas LLC's portfolio, making the stock its 13th biggest holding. Mizuho Markets Americas LLC owned about 0.20% of Crown Castle worth $100,836,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in shares of Crown Castle by 4,097.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,524,226 shares of the real estate investment trust's stock worth $246,617,000 after acquiring an additional 2,464,094 shares during the period. Bank of Montreal Can lifted its position in Crown Castle by 191.7% in the second quarter. Bank of Montreal Can now owns 2,032,521 shares of the real estate investment trust's stock valued at $195,183,000 after purchasing an additional 1,335,644 shares during the period. Cooke & Bieler LP boosted its holdings in Crown Castle by 95.8% in the 2nd quarter. Cooke & Bieler LP now owns 2,578,932 shares of the real estate investment trust's stock valued at $251,962,000 after purchasing an additional 1,261,536 shares in the last quarter. Capital International Investors increased its position in Crown Castle by 68,262.1% during the 1st quarter. Capital International Investors now owns 1,240,088 shares of the real estate investment trust's stock worth $131,239,000 after purchasing an additional 1,238,274 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Crown Castle by 13,271.6% during the 3rd quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust's stock worth $115,449,000 after buying an additional 965,907 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

Analyst Ratings Changes

CCI has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on Crown Castle from $123.00 to $127.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. TD Cowen lowered their price target on shares of Crown Castle from $127.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. UBS Group raised their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Citigroup set a $128.00 target price on shares of Crown Castle in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Crown Castle from $115.00 to $124.00 and gave the company a "neutral" rating in a research report on Monday, September 23rd. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $116.87.

Crown Castle Price Performance

CCI stock traded up $0.88 during trading on Friday, hitting $103.80. The stock had a trading volume of 2,293,374 shares, compared to its average volume of 2,603,876. The stock has a market cap of $45.11 billion, a price-to-earnings ratio of 36.81 and a beta of 0.86. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company's 50 day moving average price is $112.05 and its two-hundred day moving average price is $106.44. Crown Castle Inc. has a 1-year low of $92.48 and a 1-year high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.03). The firm had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. On average, sell-side analysts forecast that Crown Castle Inc. will post 6.66 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend is Friday, December 13th. Crown Castle's dividend payout ratio is currently 221.99%.

Crown Castle Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.